CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Current assets
Cash and cash equivalents (including $1.2 million and $0.1 million associated with variable interest entity at December 31, 2021 and 2020, respectively)	$ 6,483,000	$ 448,000
Accounts receivable, net of allowance for doubtful accounts of $0.3 million at both December 31, 2021 and 2020	32,776,000	23,838,000
Inventories	58,472,000	48,961,000
Prepaid expenses and other current assets (including $0.1 million associated with variable interest entity at both December 31, 2021 and 2020)	5,141,000	6,530,000
Total current assets	102,872,000	79,777,000
Property and equipment, net (including $46.6 million and $47.8 million associated with variable interest entity at December 31, 2021 and 2020, respectively)	93,475,000	95,533,000
Deposits	6,885,000	2,456,000
Goodwill	3,510,000	3,113,000
Intangible assets, net	380,000	0
Deferred tax asset	0	64,000
Other assets (including $0.1 million associated with variable interest entity at both December 31, 2021 and 2020)	477,000	161,000
Total assets	207,599,000	181,104,000
Current liabilities
Accounts payable (including $0.1 million and $0.6 million associated with variable interest entity at December 31, 2021 and 2020, respectively)	18,470,000	20,069,000
Accrued expenses (including $0.1 million associated with variable interest entity at both December 31, 2021 and 2020)	7,813,000	4,959,000
Related party payable	2,003,000	5,038,000
Credit cards payable	0	794,000
Income taxes payable	85,000	41,000
Customer deposits (including $0.1 million and $0.0 million associated with variable interest entity at December 31, 2021 and 2020, respectively)	1,215,000	551,000
Capital leases, current portion	0	321,000
Debt, current portion (including $1.2 million and $0.7 million associated with variable interest entity at December 31, 2021 and 2020, respectively)	1,178,000	11,364,000
Total current liabilities	30,764,000	43,137,000
Deferred tax liability	5,634,000	6,181,000
Line of credit	0	33,169,000
Long-term debt, net of current portion and debt discount of $0.2 million and $0.1 million at December 31, 2021 and December 31, 2020, respectively (including $35.3 million and $36.7 million associated with variable interest entity at December 31, 2021 and 2020, respectively, and debt discount of $0.2 million and $0.1 million associated with variable interest entity at December 31, 2021 and 2020, respectively)	35,339,000	53,410,000
Capital leases, net of current portion	0	290,000
Other liabilities (including $2.6 million and $3.9 million associated with variable interest entity at December 31, 2021 and 2020, respectively)	3,837,000	5,049,000
Total liabilities	75,574,000	141,236,000
Commitments and Contingencies (Note 13)
Karat Packaging Inc. stockholders’ equity
Common stock, $0.001 par value, 100,000,000 shares authorized, 19,827,417 and 19,804,417 shares issued and outstanding, respectively, as of December 31, 2021 and 15,190,000 and 15,167,000 shares issued and outstanding, respectively, as of December 31, 2020	20,000	15,000
Additional paid in capital	83,694,000	13,981,000
Treasury stock, $0.001 par value, 23,000 shares as of both December 31, 2021 and 2020	(248,000)	(248,000)
Retained earnings	39,434,000	18,656,000
Total Karat Packaging Inc. stockholders’ equity	122,900,000	32,404,000
Noncontrolling interest	9,125,000	7,464,000
Total stockholders’ equity	132,025,000	39,868,000
Total liabilities and stockholders’ equity	$ 207,599,000	$ 181,104,000